CAbi Launches W.E. are CAbi To Empower Female Entrepreneurs With First-of-its-Kind One-for-One Microlending Program
Expanded Partnership with Opportunity International Funds a Small Business Loan and Mentorship for a Female Entrepreneur in the Name of Every New CAbi Consultant
Los Angeles, CA, February 26, 2015 – Leading social selling apparel business CAbi, announces today the launch of W.E. are CAbi (Women Entrepreneurs Are CAbi), the first ever one-for-one microlending program. In partnership with Opportunity International, the global non-profit financial services organization, CAbi will fund small business loans and training programs to support female entrepreneurs in developing countries, in the name of every new CAbi consultant who starts her own business. By providing the financing and mentorship to empower women to start their own businesses, W.E. are CAbi is projected to create and support approximately 8,200 jobs, impacting over 35,000 people in developing nations by 2020.
Inspired by the same mission of CAbi that has meaningfully supported the success of their women entrepreneurs the U.S., W.E. are CAbi is committed to investing financially in under-resourced women longing for opportunity, empowering them through additional tools, including trainings, mentorship and peer support networks. Opportunity International has adapted the resources for these entrepreneurs in the developing world to be inclusive of the themes that are central to CAbi's training in the U.S., including leadership, marketing, sales and relationship development.
"CAbi has always provided consultants the opportunity to realize their dreams through starting a business to support a better financial future for their families and communities. We are so proud to now extend the gift of that transformational opportunity to women around the world," said Lynne Coté, Chief Executive Officer of CAbi. "W.E. are CAbi is a symbol of the incredible power that women entrepreneurs have to positively impact the lives of others and we look forward to expanding our partnership with Opportunity International to empower more women than ever before."
"Owning their own business can be one of the most liberating opportunities for women, no matter what part of the world they live in," said Kimberly Inskeep, Founder, President, and Chief Cultural Officer of CAbi. "Women are such relational creatures, and when they leverage community bonds as they build a business, those relationships can transform lives. This is as true for CAbi Consultants as it is for the woman opening a dress shop in Nicaragua, and is how one woman can ultimately transform an entire community."
The W.E. are CAbi program builds on an existing partnership since 2008 between CAbi and Opportunity International that has raised $615,000 through CAbi's "Make A Change" program which allows customers to round their order amount to the nearest dollar and donate the change. CAbi's goal is to contribute more than $4 million in total giving by 2020.
"CAbi has been an important partner the last eight years and this new W.E. are CAbi program will help women around the world break the cycle of poverty, transform their lives and strengthen their families and communities," said Vicki Escarra, Global CEO, Opportunity International. "We're grateful to CAbi for helping us expand our reach to more people in need and empowering the next generation of female leaders and entrepreneurs."
Launched in 2002, CAbi (Carol Anderson by invitation) is a designer women's clothing collection and the nation's largest social-selling apparel company. The brand has since become known for its unparalleled quality provided through a unique shopping experience, and network of national CAbi Consultants who form a tight-knit community of collaboration. After spending 25 years selling her collections in department stores, such as Nordstrom, Bloomingdales, and specialty boutiques across the country, women's apparel designer, Carol Anderson, and her husband, Jan Janura, partnered with now President, Kimberly Inskeep, and 10 additional women (known as Co-Founders), and they launched CAbi in an effort to maintain Carol's creative freedom, bring her loyal following of customers into a new shopping experience filled with style and ideas, and give women an opportunity to be entrepreneurs in a career that affords them a lucrative income, flexibility of lifestyle, and rich relationships with like-minded women. As each of these dreams came to fruition, in 2014 Carol Anderson passed her design legacy to CAbi's Chief Design Officer, Kat Woodside, an innovative designer with 25 years of experience, who worked by Carol's side in the years leading up to her retirement. With a firm foundation of success, and a new visionary CEO, Lynne Coté, CAbi is poised to spread their creed "affecting lives through relationships" even further — transforming the lives of women across the globe.
In addition to "affecting lives through relationships" (the company's creed) through the business, The Heart of CAbi Foundation extends this powerful idea through affecting the lives of women in need around the world. Over $40 million in CAbi clothing and financial contributions have been donated through CAbi's domestic and international non-profit partners who share the company's mission of impacting the lives of those in need.
ABOUT OPPORTUNITY INTERNATIONAL
Opportunity International is a global non-profit organization that helps people in developing nations work their way out of poverty, strengthen their families and improve their communities. Founded in 1971, the organization has provided more than $8.5 billion in loans, savings programs, insurance, and other financial services and training to more than 12 million clients in 22 countries across Africa, Asia, Latin America and Europe. Clients use the resources to expand businesses, provide for their families and create jobs in their communities. The U.S. headquarters of Opportunity International are in Oak Brook, Ill., with other key offices in Australia, Canada, Germany, Hong Kong, Singapore, Switzerland and the United Kingdom. The organization proudly employs more than 17,500 people around the world. Discover more at opportunity.org.